Brean Murray Carret Raises Price Target on Dish (DISH), Sees Possible Bid by AT&T (T)
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Price: $38.99 +0.78%
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade DISH Now!
Brean Murray Carret & Co. is reiterating its Buy rating on shares of Dish Network (NASDAQ: DISH) ahead of its Q4 results as the firm highlights that it sees multiple scenarios for upside. The firm also lifted its price target on the company from $33 to $37.
Dish is scheduled to release its Q4 results ahead of the opening bell on February 23 with a conference call planed for later that day.
For the quarter, the firm forecasts 50,000 net adds, an 18 percent increase in gross adds, 1,75 percent churn and earnings of $0.46 per share on $3.6 billion in revenues.
Since the FCC blocked AT&T's (NYSE: T) bid for T-Mobile, "DISH controls the only unused block of wireless spectrum large enough to satisfy AT&T's needs," reports Brean Murray Carret. "AT&T might want to acquire DISH, or at the very least, DISH should be able to extricate value from AT&T fro the sale, or lease, of some, or all of this spectrum."
For FY11, FY12 and FY13; the firm forecasts EPS of $2.68, $2.65 and $3.00.
For an analyst ratings summary and ratings history on Dish Network click here. For more ratings news on Dish Network click here.
Shares of Dish Network closed at $29.02 yesterday, with a 52 week range of $20.89-$32.57.
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Dish is scheduled to release its Q4 results ahead of the opening bell on February 23 with a conference call planed for later that day.
For the quarter, the firm forecasts 50,000 net adds, an 18 percent increase in gross adds, 1,75 percent churn and earnings of $0.46 per share on $3.6 billion in revenues.
Since the FCC blocked AT&T's (NYSE: T) bid for T-Mobile, "DISH controls the only unused block of wireless spectrum large enough to satisfy AT&T's needs," reports Brean Murray Carret. "AT&T might want to acquire DISH, or at the very least, DISH should be able to extricate value from AT&T fro the sale, or lease, of some, or all of this spectrum."
For FY11, FY12 and FY13; the firm forecasts EPS of $2.68, $2.65 and $3.00.
For an analyst ratings summary and ratings history on Dish Network click here. For more ratings news on Dish Network click here.
Shares of Dish Network closed at $29.02 yesterday, with a 52 week range of $20.89-$32.57.
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